Pinellas County is a very diverse community - from modern suburban industrial parks to downtown historic and infill projects from laid back beach communities to luxury resort beaches, you can find your redevelopment opportunity in one of our Community Redevelopment Areas.

OfficeThe countywide office vacancy rate decreased to 7.9 percent at then end of the 2nd quarter 2017, down 15 percent since a year ago. The average rental rate rose to $17.99 per square foot, up nearly one dollar since last year. Continued activity in the central business districts indicates companies are following a national trend of re-urbanization.Colliers International Office Report

IndustrialAverage industrial vacancy rates dropped to 3.2 percent at the end of the 2nd quarter 2017, down from 4.2 percent one year ago. Rental rates dropped slightly from last year to $ 5.18 per square foot. Investment demand for industrial buildings has increased and supply is starting to be limited. Vacancies tend to be mostly in older parks and sites in need of redevelopment.Colliers International Industrial Report

RetailRetail rental rates vary widely from location to location, with the 2nd quarter 2017 overall vacancy rate at 6.3 percent. Higher end retail remains mostly absent from the county and certain retail categories like furniture, clothing, electronics and general merchandise are under-served, with this consumer spending occurring in adjacent counties, providing opportunities for this type of product in Pinellas. Aging strip centers offer prime prospects for mixed-use redevelopment.Colliers International Retail Report

Hotels
Record breaking tourism and an increasing numbers of visitors with high median household incomes have created the need for higher end accommodations and destination development.